AP: President to double the available wireless communications spectrum over next 10 years

The AP reports that U.S. President Barack Obama will “double the available amount of wireless communications spectrum over the next 10 years in an effort to keep up with the ever-growing demand for high-speed video and data transmission to cell phones, laptops and other mobile devices.” The plan, which will call for the auctioning off of 500 MHz of federally owned spectrum, will be put into a Presidential Memorandum to be signed today. The White House, in an official statement said: “This initiative will catalyze private sector investment, contribute to economic growth and help to create hundreds of thousands of jobs.” The AP went onto report that revenue generated from the auction would go to “public safety, infrastructure investments and deficit reduction.”